Mount Yale Investment Advisors LLC Reduces Holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Mount Yale Investment Advisors LLC trimmed its stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 0.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 53,933 shares of the company’s stock after selling 349 shares during the period. Mount Yale Investment Advisors LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $2,953,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of RDVY. Benjamin Edwards Inc. grew its position in First Trust NASDAQ Rising Dividend Achievers by 95.1% during the 2nd quarter. Benjamin Edwards Inc. now owns 6,356 shares of the company’s stock worth $348,000 after purchasing an additional 3,099 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its position in First Trust NASDAQ Rising Dividend Achievers by 3.6% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 356,723 shares of the company’s stock worth $19,531,000 after purchasing an additional 12,417 shares during the last quarter. ProVise Management Group LLC grew its position in First Trust NASDAQ Rising Dividend Achievers by 26.1% during the 2nd quarter. ProVise Management Group LLC now owns 9,182 shares of the company’s stock worth $503,000 after purchasing an additional 1,903 shares during the last quarter. WCG Wealth Advisors LLC grew its position in First Trust NASDAQ Rising Dividend Achievers by 9.6% during the 2nd quarter. WCG Wealth Advisors LLC now owns 21,564 shares of the company’s stock worth $1,181,000 after purchasing an additional 1,888 shares during the last quarter. Finally, L & S Advisors Inc grew its position in First Trust NASDAQ Rising Dividend Achievers by 8.2% during the 2nd quarter. L & S Advisors Inc now owns 19,153 shares of the company’s stock worth $1,049,000 after purchasing an additional 1,452 shares during the last quarter.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

Shares of First Trust NASDAQ Rising Dividend Achievers stock opened at $58.75 on Friday. First Trust NASDAQ Rising Dividend Achievers has a 1 year low of $43.30 and a 1 year high of $59.33. The company has a market capitalization of $11.69 billion, a P/E ratio of 10.08 and a beta of 1.15. The company’s fifty day moving average is $57.00 and its two-hundred day moving average is $55.54.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 27th were given a dividend of $0.2616 per share. This represents a $1.05 annualized dividend and a yield of 1.78%. The ex-dividend date was Thursday, June 27th.

About First Trust NASDAQ Rising Dividend Achievers

The First Trust Rising Dividend Achievers ETF (RDVY) is an exchange-traded fund that is based on the NASDAQ US Rising Dividend Achievers index. The fund tracks an index of 50 large-cap stocks with rising, high-quality dividends. RDVY was launched on Jan 6, 2014 and is managed by First Trust.